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I wish our banks and the Philippine Clearing House Corporation (PCHC) were more systematic about changes affecting clearing.
Just days after most news organizations reminded the public that they had only till May 1, 2023 to use checks in the old format, the PCHC issued another memo deferring implementation by one year to May 1, 2024.
Continue reading “Implementation of the new check design is deferred by PCHC to May 2024. AGAIN!”
(UPDATE: The PCHC has deferred implementation of the new check design to May 1, 2024. See my update HERE.)
If you have a checking account, it is time to look at your checkbook/s. By May 2, 2023, checks in the old format will no longer be accepted for clearing.
The new check format will now have boxes in the date field so that the date can be entered in MM-DD-YYYY format. The signature area and peso amount areas will also have boxes. The peso sign will now be found outside the area for the amount.
Many people believe that having business sense is inherited. I think it can be developed. Most of us want our children to have business sense in them. Of course, not all of them will end up in business but engaging in any career (even for those who end up as homemakers) requires basic knowledge of business.
Continue reading “Want to train kids to have business sense? Let them play business games!”
When do you pay your annual real property tax?
Sec. 60 of the Real Property Tax Code (or PD No. 464) states:
“Payment of real property taxes in installments. — Real property taxes may, in the discretion of the taxpayer, be paid without penalty in four equal installments; the first installment to be due and payable on or before March thirty-first; the second installment, on or before June thirty; the third installment, on or before September thirty; and the last installment, on or before December thirty-first, except the special levies authorized under Sections forty-seven and fifty-five of this Code which shall be governed by the local ordinance or Department Order issued by the Secretary of Finance, as the case may be.”
Continue reading “Money Saving Tip: Pay Your Real Property Tax Early (Updated)”
The pandemic has increased the borrowing needs of many people who may have lost jobs, are under-employed, or just hit by the increasing oil prices, the accompanying price hikes, and a depreciating currency. The forced accelerated digital transformation of many companies during the pandemic have also seen a sharp rise in borrowings, with a significant uptick in online lending activity.
Continue reading “Save yourself from falling into a debt trap!”
It has been over a year since COVID-19 hit. The pandemic’s impact has been very bad for businesses that were forced to downsize or worse, close down. Families feel the pinch on household budgets as family members’ earning capacity is affected.
Continue reading “Manage your household budget in the time of COVID-19”